Treasury Two-Year Yield at Highest Since 2010 Shows Bets on Fed

  • Yellen signals confidence in economy before Dec. 16 decision
  • Spread between two-, 30-year maturities narrowest since April

Treasury two-year note yields reached the highest level since 2010 as Federal Reserve Chair Janet Yellen said waiting too long to raise interest rates may hurt the economy, bolstering expectations that the central bank is poised to lift its target from near zero.

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